Please find below all the articles that have been categorised as 'Morgan Hemp News'.
In this analysis we have mainly concentrated on the tax measures that will directly affect individuals, employers and small businesses.
We are committed to ensuring all our clients don’t pay a penny more in tax than is necessary.
If you have any questions or would like one-to-one advice tailored to your needs, please call us on 01792 466 428 or email [email protected].
Read MoreIf you or your spouse/partner claim child benefit, and at least one of you has adjusted net income of £50,000 or more for the year, the highest earner must declare the benefit on their tax return in order to pay back part or all of the child benefit as a tax charge.
HMRC is writing to taxpayers who it thinks should have paid the child benefit tax charge for 2013/14, but didn’t. Unfortunately some people who have received such letters are childless, or haven’t claimed child benefit for decades.
If…
Read MoreThere has been some panic whipped up in the media about employers having to pay vast amounts of back-dated holiday pay to employees who regularly get paid for overtime.
In general holiday pay is calculated according to an employee’s “normal pay”, which for years has been judged not to include overtime payments. However, in a recent Employment Tribunal (Fulton v Bear Scotland [2014] UKEATS/0047/13), the judge decided that both guaranteed and non-guaranteed overtime should…
Read MoreMorgan Hemp is proud to announce the launch of its ground-breaking smartphone app.
The app, allows individuals and businesses to log their expenses, keep on top of important dates in the annual tax calendar — and in light of recent changes to the VAT system — to accurately log business mileage.
The free app uses the smartphone inbuilt GPS system to allow users to generate a report at the end of each month that can be sent directly on…
We’re delighted to be able to congratulate the Wales Under 18s Touch Rugby team on becoming European Junior Touch Rugby Champions.
Following a string of matches against fellow European teams, the Welsh squad faced England in the final of the first ever Junior European Championships and beat them 6-3.
Morgan Hemp is proud to have been able to support the team and thoroughly enjoyed attending the Championships and watching the squad as they deservedly took the title.
Speaking of Welsh victory, Martin Hudson, Director at Morgan Hemp said: “We are delighted…
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Morgan Hemp has shown its backing for youth sport in Wales by sponsoring the Welsh national team at the first ever European Junior Touch Rugby Championships.
Morgan Hemp will now feature on the shirts of the Wales junior squad as they take on eight teams from across Europe at the Championships held in Swansea this summer.
Taking place from the 5th – 6th…
Read MorePension holders are being urged to seek advice on their pensions as radical changes to tax allowance are set to take effect.
Reductions to the threshold available for relieved annual allowance and lifetime allowance for pensions will take place from the 6th April 2014, and are anticipated to impact over 300,000 UK pension savers.
The annual allowance for pension tax savings will be reduced from £50,000 to £40,000 in the coming weeks, with any sum over the new £40,000 limit liable to taxation at the rate of 40 per cent.
The…
Read MorePeople who sell goods online are being urged to seek advice on paying tax on their profits ahead of imminent crackdowns by HMRC.
Since September 2012 online trading sites, such as eBay and Amazon, have passed on tens of thousands of members details to HMRC following a large-scale crackdown on traders who have failed to register their income.
South Wales Chartered Certified Accountants Morgan Hemp & Company, are urging online traders to act quickly and register themselves for tax before the next stage of the HMRC crackdown where traders who…
Read MoreCommercial property owners are being urged to seek advice on vital tax relief that could save their business thousands before it is too late.
Reforms outlined in the Finance Bill 2012 take effect in April and will dramatically change the qualifying criteria for businesses to make claim to capital allowances on properties that they own or have significantly improved.
Most businesses and accountants claim capital allowances for computers, vehicles and tools of the trade, however, many do not recognise that these same allowances also apply to central heating, lighting and…
Read MoreA leading UK gift company has been acquired by a South Wales based wholesaler in a deal that has secured jobs and paved the way for expansion.
Swansea based Something Different Wholesale Ltd has acquired Smiley Signs, securing five agent jobs and strengthening the wholesale businesses online presence and reputation as a leading UK figure in the supply of gifts and novelty items to trade customers worldwide.
Both businesses will continue to operate as separate entities but will share Something Different’s large warehouse and trade outlet on Swansea Enterprise Park.
With…
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